Retail Space with Rear Roll-Up
For Sale
$199,900
1457 N Us Highway 1, Ormond Beach, FL 32174
Commercial Sale, Ormond Beach, FL
Property Size1,282 SF
Lot Size0.02 Acres
Price / SF$155.93
Days on Market300
Property Features for 1457 N Us Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Professional/Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Lot features
Cleared
Directions
From U.S.1 head north pass Granada, right before you get to I-95 the Complex is on the right-hand side.
Subdivision
46 - Ormond N of Tomoka River, E of US1
Standard status
Active
APN
3136-03-0C-0220
Size
1,282 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 22 BLDG C GARDENS BUSINESS CENTER CONDO PER OR 5243 PG 3750 PER OR 5253 PG 4761 PER OR 6319 PG 3855 PER OR 7686 PG 4075
Tax Annual Amount
1894
HOA Fee
$835 Quarterly
Legal Description
UNIT 22 BLDG C GARDENS BUSINESS CENTER CONDO PER OR 5243 PG 3750 PER OR 5253 PG 4761 PER OR 6319 PG 3855 PER OR 7686 PG 4075
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Central Air, Electric
Water source
Public
Amenities
roll-up door
Building Details
Year built
2004
Number of units
1
Flooring type
Concrete, Laminate
Building materials
Block, Concrete
Listing Agency:
FAME Real Estate LLC
(386) 334-2226
Listed By:
Mike Khorassani
(386) 334-2226
Added: Oct 30, 2025
Changed: Aug 20
Last Checked: Aug 25 at 9:06AM
MLS# 1219458
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,282-square-foot business condo at 1457 N Us Highway 1 provides a practical retail layout with a reception area, one office, and one bathroom. The one-story building was completed in 2004 and features block-and-concrete construction, concrete and laminate flooring, plus a rear roll-up door. Central and heat-pump systems provide heating and cooling, with public water and public sewer serving the property. The space is currently rented.
The property is located in Ormond Beach, approximately 1/2 mile from Interstate I-95. A parking lot is included, and cable service is available. The parcel measures 0.02 acres and carries a 32174 postal code.
The property is located in Ormond Beach, approximately 1/2 mile from Interstate I-95. A parking lot is included, and cable service is available. The parcel measures 0.02 acres and carries a 32174 postal code.
Key Highlights
- 1,282 square feet of retail and commercial space
- Currently rented business condo
- Reception area, 1 office, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,075
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,500
$241.5K
Cap Rate 7%
$172,500
$172.5K
Cap Rate 9%
$134,167
$134.2K
Market Conditions
NOI Build-Up for 1,282 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.2K $15.00/SF
− Vacancy
−$2.0K −$1.55/SF
EGI
$17.2K $13.46/SF
− OpEx
−$5.2K −$4.04/SF
NOI
$12.1K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,500
Cap Rate 7%
$172,500
Cap Rate 9%
$134,167
Alternative Uses
Best Use
Retail
$172.5K
$150.9K – $201.3K
NOI $12,075 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.0K
$330.8K – $441.0K
NOI $26,460 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
RaceTrac
Shops & Services
37,835 visits/mo
0.2 miles
McDonald's
Dining
32,473 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,342 visits/mo
0.3 miles
Dollar General
Shops & Services
9,373 visits/mo
0.3 miles
Waffle House
Dining
8,106 visits/mo
0.4 miles
Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - One-story business condo with a reception area, private office, restroom, and rear loading access.
Where is this retail space located?
The property is located at 1457 N Us Highway 1 Ormond Beach, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,282 square feet of retail and commercial space; Currently rented business condo; Reception area, 1 office, and 1 bathroom
